Oracle to acquire VC-backed cybersecurity platform Zenedge

Oracle has agreed to acquire AI-powered cybersecurity startup Zenedge in a bid to help build out its cloud platform. Zenedge is a provider of cloud-based firewalls and denial-of-service cybersecurity infrastructure.

Founded in 2014, Zenedge raised $13.7 million in equity funding from a mix of corporate, private equity and venture capital investors. The company was most recently valued at $32.5 million in 2016 with a $6.2 million Series C led by Pilot Growth Equity, with additional funds coming from Zoho and existing investor TELUS Ventures.

Since 2007, Oracle has completed 91 acquisitions, per the PitchBook Platform. Of those, the lion's share of the deal flow has gone to picking up SaaS companies (48.7%), marketing tech (11.8%) and mobile (9.2%). Cybersecurity has represented just under 4% of all Oracle M&A deals.

Check out more of our coverage of the cybersecurity space.

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